GOOG to enter clean energy business

Discussion in 'Stocks' started by a529612, Nov 27, 2007.

  1. What do you want them to do with all that cash? Either that or they loan it to washington mutual to collateralize debt?

    I like the google concept of using the cash to improve the world, not just some algorithm. Could you imagine if google struck gold with some facet of energy research and the google we know 20 yrs from today derived 80% of its profit from energy related pursuits?

    hippies clashing with wall street is entertainment, definitely. but at least they are doing something valuable to society, rather than figuring out a latest way to screw the rest of the world out of their cash (banking, investment, etc sectors).
  2. I agree.
  3. 11Blade


    I see nothing wrong with Google taking some of its smarts and using its clout and dollars to 'incubate' and invest in emerging technologies.

    If they fulfill their mission of 'do no evil' perhaps they will lead by example.

    Rabid capitalists always say that capital is better managed by them rather than big institutions and government.

    I hope Google sees success in the fields of personalized medicine, biotehcnology and now energy. Perhaps if one of these half-baked ideas stick, another Google will be born?
  4. But how will retiring energy company CEO's retire on less than $400 million???

    They'll STARVE!!!
  5. Meiguoren


    This isnt anything new for google.

    I read a couple years ago they were funding a startup company with solar technologies.
  6. Google = toolbar....they are not quite the resurrection yet
  7. Google is in a unique position with this new project right now, they have a ton of money, they are a respected and powerful entity that can really push forward new forms of energy faster than any small startup company.
  8. That is bizarre.
  9. segaa


    Yes, it's bizarre, but they are making news and up again. :)
    #10     Nov 28, 2007